MAY 18.2% 3.9¢ melbana energy limited

May Chart, page-12973

  1. 14,471 Posts.
    lightbulb Created with Sketch. 7710
    Lovely PA (price action).

    Two things that might slow down the current gains is 1, the spike out of bollies (generally sees a bit of a rest) and 2, RSI is getting pretty hot at 79 (80 and it moves into overbought territory).

    Just a couple of things to watch IMO. But that's not saying that the SP will go down, just saying that a bit of consolidation about here would be healthy. (the SP has doubled in price recently).

    Cheers

    https://hotcopper.com.au/data/attachments/6498/6498675-c3c249ac62c3a9804377ad843ed8b9a9.jpg
 
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